Mr. Ken Seitz reports

NUTRIEN COMPLETES SALE OF EQUITY POSITION IN PROFERTIL S.A.

Nutrien Ltd. has completed the sale of its 50-per-cent equity position in Argentina-based nitrogen producer Profertil S.A. to Adecoagro S.A. and Asociacion de Cooperativas Argentinas Coop Ltda. through a joint acquisition. Total proceeds from the sale on a pretax basis are approximately $600-million (U.S.).

"Closing the sale of our equity stake in Profertil demonstrates continued progress towards simplifying our portfolio, enhancing earnings quality and improving cash conversion," said Ken Seitz, Nutrien's president and chief executive officer. "We intend to allocate the proceeds towards capital allocation priorities that support our ability to grow free cash flow per share over the long term, including targeted growth investments, share repurchases and debt reduction."

With the completion of the Profertil sale, Nutrien has generated approximately $900-million (U.S.) in gross proceeds from asset divestitures since the fourth quarter of 2024.

About Nutrien Ltd.

Nutrien is a leading global provider of crop inputs and services. The company operates a world-class network of production, distribution and ag retail facilities that positions Nutrien to efficiently serve the needs of growers. The company focuses on creating long-term value by prioritizing investments that strengthen the advantages of its business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve its goals.

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